Hunters of Dalal Street

  One thing that comes to our mind while we are trading Forex is - Do we have a right trading System The point to be noted here is Does all right trading systems makes money. If it is so then the same will be followed by everyone which will lapse the opportunities in the market When i was starting a business, a wise man told me every step you take will have impact on your business and its growth. So take all the inputs provided by others and make a informed decision. The same thing can be even applied for Trading too, You can not blindly trade on others suggestions. One should create their own Forex trading system So Firstly you are still confused about what is a trading system? Ya, Let me give you the basic outline about trading system - It could be defined as a set of rules based on which you take a trade Example: I have a trading system which says that you have to buy only when this particular technical indicator gives  a buy signal On a broader level, let us classify that into 3 fa

                       Forex trading is one of the largest market in the world with almost $5 trillion daily volume when you compare with the equities, it is just $85 billion and US Treasury market is $550 billion. So it is bigger than the US equitues and Treasury markets put together Where do these Forex markets operate?  We have different stock exchanges for equities like New york stock exchange, London stock exchange, Bombay Stock exchange located at their respective cities.  But for Forex - there is no physical location! You heard it right. There is no central location for Forex market, it is only the global electronic network of banks, financial brokers, financial institutions and traders who buy and sell currencies  When do these Forex markets operate? One of the interesting future for Forex market is it operates 24 hours a day except on weekends Let us consider Asia/Kolkata as the base time, becuase when i start trading from India I usually wait for US market to open  So it usua